Italy funds raid of Juventus offices in player-trade investigation
ROME, November 27 (Reuters) – Italian financial police raided the offices of Serie A club Juventus in Turin and Milan, looking for documents relating to the player swaps between 2019 and 2021, a prosecutor has said.
Juventus, which is the most successful Italian club with 36 league titles, is listed on the Milan Stock Exchange and its main shareholder is Exor.
Turin prosecutor Anna Maria Loreto said in a statement on Friday evening that the investigation was aimed at determining whether senior Juventus officials gave false communications to investors and issued invoices for non-existent transactions.
“Several professional player transfer transactions and the services rendered by certain agents involved in the associated intermediation are under consideration,” said Loreto.
Juventus said on Saturday that the Turin court prosecutor had opened investigations against him.
“The company is cooperating with investigators and with (the Italian securities supervisory body) CONSOB and hopes that it will clarify any aspect of interest to it as it believes it has acted in accordance with the laws and regulations governing the preparation of financial reports. .. “Juve said in a statement.
Exor made no immediate comment when asked by Reuters about the investigation.
In September, Juventus said Italy’s market regulator CONSOB was studying players’ trading income.
Italy’s federal prosecutor last month opened an investigation into a number of transfers of football players to Serie A. (Reporting by Giselda Vagnoni and Sabahatjahan Contractor in Bengaluru; edited by Alexander Smith and Ken Ferris)